Importance Of Iso 37001 Anti – Bribery Management System In Organization

By Author: Smith
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It’s the International Standard that allows organizations of all types to prevent, detect and address bribery by implementing an anti-bribery policy, assigning a person to supervise anti-bribery compliance, training, risk assessments and due careful on projects and business connections, implementing financial and commercial controls, and establishing reporting and investigation procedures.
Providing a globally recognized way to address a critical criminal activity that turns over a trillion dollars of dirty money each year, ISO 37001 addresses one of the world’s most negative and challenging issues head-on, and demonstrates a dedicated approach to stamping out corruption.
Who Need ISO 37001?
ISO 37001 can be used by any organization, large or small, whether it be in the public, private or volunteer sector, and in any country. It is a flexible tool, which can be adapted according to the size and nature of the organization and the bribery risk it faces.
How can ISO 37001 benefit an organization?
ISO 37001:2016 ABMS certification includes audit assessment procedures, to apply the application and ...
... maintenance of a healthy anti-bribery program. Being an all-encompassing standard that is integrated with other management systems, the ISO 37001:2016 ABMS certification provides several benefits:
• Competitive advantage over other organizations.
• Greater awareness on the output of bribery.
• Enhancement of the organization’s reputation.
• Reduction in structural and miscellaneous costs.
• Better implementation of compliance programs.
• Superior trust and transparency.
• Protection of resources and other capitals.
• Accurate evaluation of organization’s position.
• Execution of feasible anti-bribery procedures.
• Establishment of ethical global practices.
organizations that implement an ISO 37001 documents address the elements of anti-bribery management system and more likely to be consistent when it comes to cooperating with potential partners because the risk of bribery is lower. Organizations that have anti-bribery policies in place encourage trust and more likely to sign agreements with other organizations, rather than with organizations that do not have anti-bribery policies in place.
Why is ISO 37001 Important?
Businesses can fight against bribery and promote a moral business culture by choosing to have an anti-bribery management system compliant with ISO 37001 standard. The ISO 37001 standard is designed to help businesses battle bribery risk in their operations and throughout their value chains worldwide.
These days many recognized training providers worldwide are offering ISO 37001 Awareness Training. Punyam Academy is one of the reputed training providers that offers E-learning course that provide online ISO 37001 Awareness training with certification, which helps users to gain basic knowledge of anti-bribery management system (ABMS), ISO 37001:2016 standard, and its requirements.